Bullion refers to precious metals found in coin, ingot, or bar form. Made by national mints, gold bullion coins have an inherent value that is unaffected by fluctuations in international economies, unlike national currencies. For this reason, the coin dealers at Coins & Carats in Kalispell, MT, recommend investing in gold bullion over other types of materials.

If you’ve never purchased gold bullion coins, the experts at Coins & Carats have some tips to help you better understand the process:

• Find North American Coins: If you reside in the United States, only purchase North American gold bullion coins. These coins have the Canadian Maple Leaf and American Eagle on the surface. Not only will it be easier to buy and sell, but the American Eagle is guaranteed by the U.S. Mint.
• Visit Different Coin Dealers: Just like with any other purchase, you should visit several coin dealers and compare their prices before deciding who to work with. After researching the “spot price” on exchange websites, use this to compare with the cost listed at dealers.
• Purchase One-Ounce Coins: Coins underneath one ounce have a higher premium. When purchasing, go with one-ounce coins to get the best value.
• Identify Buyback Rates: As you visit different dealers, don’t forget to ask how much it is to sell your coins. This will give you an idea of how much they’re marking up their purchases.
• Avoid Telemarketers: Depending on where you purchase your coins, you can expect to pay a commission fee. Telemarketers, in particular, earn higher commissions than other vendors, so avoid them altogether.

When executed wisely, the purchase of gold bullion coins can bring long-term benefits to your investments. To speak with the coin dealers at Coins & Carats about your needs, give them a call at (406) 752-2646, or visit them online for an overview of their inventory.